Is your profile currently lacking business credit scores and reports for any of the bureaus?

If you sign up for FairFigure and notice missing scores and reports, it’s because you don’t have a file with these business credit bureaus. Alternatively, you may not have enough information.

Here, we see that there’s only one credit score not provided:

As can be seen above and in the snapshot below, there aren’t enough trade experiences to generate a score.

You’ll have to build business credit to get scores and reports.

This process often takes anywhere from two to three months to see real progress.

Unlike personal credit, which can update in as little as 24 hours, you will have to wait a bit longer to see results in your business credit.

How long? It varies based on the bureau. Here’s a look at credit bureau update timelines:

Due to these timelines, it could take up to 60 days for a tradeline to reflect on your business credit report.

For example, you sign up for FairFigure Premium on January 16. FairFigure reports all Premium payments to the bureaus on the 15th of each month. So if you get Premium on January 16, that payment won’t get reported until February 15.

Your credit scores update once per month, on the day that you signed up for Premium. So in this instance, your first month’s payment (paid for on Jan. 16 and reported on Feb. 15) might not show up on your credit report until March 15.

This example is a worst case scenario. Usually, reports update within 30-45 days.